US President Donald Trump announced a 35 per cent tariff on Canadian imports, effective August 1. The decision was conveyed in a letter to Canadian Prime Minister Mark Carney on Thursday, marking the latest in a string of over 20 similar communications Trump has issued since Monday.The move follows escalating tensions over trade policies, with…
Bengaluru: TCS marked its first year-on-year decline in constant currency since the Sept quarter of FY21, with lacklustre performance attributed to weak macroeconomic conditions, cautious client sentiment, delayed decision-making, and the winding down of the BSNL deal. Its revenue for the June quarter fell 3.1% year-on-year in constant currency and 3.3% sequentially, as geopolitical uncertainties…
Are you planning to invest in fixed deposits, but wondering which bank offers the best interest rate? While many banks have recently lowered their FD rates following the Reserve Bank of India’s repo rate cut, several public, private, and small finance banks are still offering highly competitive returns, especially on special 444-day deposit schemes. Some…
NEW DELHI: Further talks on the India-US trade deal are lined up in the coming days with negotiators once again headed to Washington as the government seeks to finalise an agreement, without any deadline pressure. “We are not differentiating between an interim or the first phase of the bilateral trade agreement. We are negotiating a…
The average long-term mortgage rate in the US edged higher this week, ending a five-week streak of easing borrowing costs that had offered some relief to prospective homebuyers.According to mortgage buyer Freddie Mac, the average rate on a 30-year home loan ticked up to 6.72% from 6.67% last week. A year ago, the rate was…
Addressing critics of India’s Russian oil imports, Puri noted that certain commentators make unwarranted criticisms of Indian policies. (AI image) India’s ongoing crude oil imports from Russia have contributed to global energy price stability, according to Petroleum and Natural Gas Minister Hardeep Puri. He has said that discontinuing Russian oil trade would have caused crude…
House Rent Allowance (HRA) remains a common tax-saving benefit for salaried individuals. But recent scrutiny by tax officers shows that even well-documented claims can be rejected if the underlying transactions appear dubious or fail to show a clear money trail.To claim HRA exemption under Section 10(13A) of the Income Tax Act, salaried individuals must receive…
RBI Governor Sanjay Malhotra on Thursday briefed the Parliamentary Standing Committee on Finance on the state of the Indian economy, assuring lawmakers that the country was performing well despite global headwinds.According to panel Chairman and BJP MP Bhartruhari Mahtab, “He gave us a wide range of information related to the economic situation and the financial…
MUMBAI: Clean Fanatics, a premium marketplace specialising in high-quality home services has raised $2 million in a seed round led by Inflection Point Ventures. The round also saw participation from Blume Founders Fund, Let’s Ventures, Trica, TiE Angels, and other angel investors. The funds will be directed towards team expansion, technology enhancement, and scaling new…
The rupee ended 3 paise higher at 85.70 against the US dollar on Thursday, supported by optimism over a possible US-India trade deal, even as equity markets closed in the red.The local currency opened at 85.62 and moved between 85.53 and 85.70 during the session before settling 3 paise higher than Wednesday’s close of 85.73,…
